First State Squash Inc
- Assets
- $3.3m
- Revenue
- $649.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Wilmington, DE
- Founding
- 09/2016
- Data as of
- 06/2024
- EIN
- 81-1843120
Organization Overview
First State Squash Inc is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. As of 06/2024, First State Squash Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First State Squash Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, First State Squash Inc generated $649.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $572.6k during the year ending 06/2024. While expenses have increased by 15.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FIRST STATE SQUASH (FSS) IS AN ACADEMIC AND ATHLETIC YOUTH PROGRAM PROVIDING LIFE-CHANGING OPPORTUNITIES FOR CHILDREN FROM LOW-INCOME FAMILIES IN WILMINGTON THROUGH THE SPORT OF SQUASH, INTENSIVE EDUCATIONAL SUPPORT, MENTORING, COMMUNITY SERVICE ACTIVITIES AND CULTURAL EXPOSURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST STATE SQUASH SUPPORTS WILMINGTON STUDENTS IN ACHIEVING AND SUSTAINING PERSONAL ACADEMIC SUCCESS AND PHYSICAL WELLNESS THROUGH LONG-TERM EDUCATIONAL, ATHLETIC AND COMMUNITY ENGAGEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine P Schiltz Chair | OfficerTrustee | 1 | $0 |
Todd P Anderson Treasurer | OfficerTrustee | 1 | $0 |
Ian Mcconnel Secretary | OfficerTrustee | 1 | $0 |
Quinetta Bowden Director | Trustee | 1 | $0 |
Ed Chilton Director | Trustee | 1 | $0 |
James Domenick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,514 |
| Total Program Service Revenue | $34,335 |
| Investment income | $46,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $118,592 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $649,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $21,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,778 |
| Payroll taxes | $15,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,111 |
| Travel | $32,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,458 |
| Insurance | $28,420 |
| All other expenses | $52,197 |
| Total functional expenses | $572,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $106,250 |
| Accounts receivable, net | $62,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,604 |
| Net Land, buildings, and equipment | $1,827,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,269,569 |
| Accounts payable and accrued expenses | $15,811 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,811 |
| Net assets without donor restrictions | $2,398,023 |
| Net assets with donor restrictions | $825,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,269,569 |